Fortune

Kevin Bacon explains how he lost ‘most’ of his fortune to Bernie Madoff: ‘There’s obvious life lessons there’

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Kevin Bacon explains how he lost ‘most’ of his fortune to Bernie Madoff: ‘There’s obvious life lessons there’

Kevin Bacon is opening up about how he and his wife lost “most of our money” in Bernie Madoff’s massive Ponzi scheme. In an appearance on this week’s episode of Jason Bateman, Will Arnett and Sean Hayes’ “Smartless” podcast, the 64-year-old “Footloose” star explained that he and wife Kyra Sedgewick were among Madoff’s 40,000 victims. … Read more

For Swedish professor and his tiny biotech, Alzheimer’s drug means vindication and a fortune

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For Swedish professor and his tiny biotech, Alzheimer’s drug means vindication and a fortune

Last month, word spread that a drug was finally shown to slow Alzheimer’s disease, and overnight a 73-year-old Swedish professor made $350 million. The lucky man, Lars Lannfelt, was not particularly famous. He had done pioneering work on the disease, but it was in the 90s and belonged to a sub-field that, after a litany … Read more